SANTA CLARA, Calif. (AP) — Chip maker Intel Corp. said Monday it has completed its $1.4 billion acquisition of the wireless communications unit of Germany's Infineon Technologies AG.
The deal helps Intel expand beyond the struggling personal computer market. The acquisition gives Intel the technical know-how to make chips for small devices that don't drain batteries as quickly. This is particularly needed for chips built around the low-power ARM architecture, which is widely used in cell phones as well as many tablets.
The deal was announced last August.
Copyright 2011 The Associated Press.